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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (8924)6/7/2001 1:05:28 PM
From: James Strauss  Read Replies (1) of 13094
 
William:

These major bank warnings will guarantee future rate cuts... While it's bad for those employees that get layed off by the banks, it will improve the bank's profitability by providing wider spreads between the Federal Funds rate the amount they pay out in interest and get in loan interest... This could actually spur capital investment as banks become more liberal in their loan decisions because the FED is giving them a guaranteed free ride... We saw it during the S&L crisis and we may see it again...

The Nasdaq might be signaling this...
bigcharts.com

More bank money available opens up more capital spending opportunities... This could wash through the tech sector in the next 3 to 6 months... Continue to keep an eye on Nasdaq 2250... If that breaks we should see a test of the 2375 area... Also, INTC could be the catalyst for this...

Jim
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